Systango Technologies IPO description – Incorporated in 2004, Systango Technologies is engaged in the business of providing software solutions. The offerings of the company enable companies to design, implement and manage their own customized digital platforms. The platforms designed by Systango include Web2, Web3, and mobile applications with a strong emphasis on data and analytics.
The company has a range of software solutions that includes- Website development, Mobile app development (both for iOS and Android applications), Web3 development, DeFi (Decentralized finance), Data Engineering, Implementation of blockchain, Cloud computing and Digital Marketing.
The company offers its services across various sectors like Hospitality, Property Tech, Financial Services (FinTech), Fantasy Sports, and many others. Systango Technologies has evolved as a professional and technical service provider over the years of its operations. Its end-to-end technology solutions help entities and organizations to effectively implement innovations in their system and keep up with the new-age world.
Promoters of Systango Technologies – Vinita Rathi and Nilesh Rathi
Systango Technologies IPO Details
| Systango Technologies IPO Dates | 2 – 6 March 2023 |
| Systango Technologies IPO Price | INR 90 per share |
| Fresh issue | 38,68,800 shares (INR 34.82 crore) |
| Offer For Sale | Nil |
| Total IPO size | 38,68,800 shares (INR 34.82 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,44,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Systango Technologies Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 |
| Revenue | 1,428.5 | 2,299.0 | 3,268.8 | 2,239.4 |
| Expenses | 1,162.7 | 1,710.1 | 2,586.5 | 1,622.5 |
| Net income | 251.9 | 567.9 | 675.8 | 572.3 |
Systango Technologies Offer News
- Systango Technologies RHP
- Systango Technologies Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Systango Technologies Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.33 | 5.26 | 6.27 |
| PE ratio | – | – | 14.35 |
| RONW (%) | 52.83 | 54.35 | 39.30 |
| NAV | 4.41 | 9.68 | 15.95 |
| ROCE (%) | 61.38 | 64.88 | 46.90 |
| EBITDA (%) | 21.29 | 27.27 | 22.74 |
| Debt/Equity | 0.56 | 0.46 | 0.32 |
Systango Technologies IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 14 Mar 2023 | 20 | – | 24,000 |
| 13 Mar 2023 | 15 | – | 20,000 |
| 11 Mar 2023 | 18 | – | 22,000 |
| 10 Mar 2023 | 18 | – | 22,000 |
| 9 Mar 2023 | 15 | – | 20,000 |
| 8 Mar 2023 | 16 | – | 20,000 |
| 6 Mar 2023 | 18 | – | 22,000 |
| 4 Mar 2023 | 22 | – | 27,000 |
| 3 Mar 2023 | 30 | – | 35,000 |
| 2 Mar 2023 | 30 | – | 40,000 |
| 1 Mar 2023 | 27 | – | 40,000 |
| 28 Feb 2023 | 25 | – | 40,000 |
| 27 Feb 2023 | 10 | – | 35,000 |
Systango Technologies IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 1,934,400 | 580,320 | 1,354,080 | 3,868,800 |
| 6 Mar 2023 | 13.36 | 219.12 | 63.26 | 61.69 |
| 3 Mar 2023 | 0.39 | 3.56 | 11.50 | 4.75 |
| 2 Mar 2023 | 0.00 | 0.91 | 3.08 | 1.21 |
Systango Technologies Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra, India
Phone : +91- 022- 49060000
Email: [email protected]
Website:Â www.hemsecurities.com
Systango Technologies Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: [email protected]
Website:Â www.bigshareonline.com
Systango Technologies Contact Details
SYSTANGO TECHNOLOGIES LIMITED
Third Floor (LHS), STP-I Crystal IT Park,
Ring Road, Indore 452010, Madhya Pradesh, India
Phone: +91 0731 2971030
E-mail: [email protected]
Website: www.systango.com
Systango Technologies IPO Allotment Status
Systango Technologies IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Systango Technologies IPO Dates & Listing Performance
| IPO Opening Date | 2 March 2023 |
| IPO Closing Date | 6 March 2023 |
| Finalisation of Basis of Allotment | 10 March 2023 |
| Initiation of refunds | 13 March 2023 |
| Transfer of shares to demat accounts | 14 March 2023 |
| Systango Technologies IPO Listing Date | 15 March 2023 |
| Opening Price on NSE SME | INR 98 per share (up 8.89%) |
| Closing Price on NSE SME | INR 102.90 per share (up 14.33%) |
Systango Technologies IPO FAQs
What is Systango Technologies offer size?
Systango Technologies offer size is INR 34.82 crore.
What is Systango Technologies IPO Price Band?
Systango Technologies public offer price is INR 90 per share.
What is the lot size of Systango Technologies IPO?
Systango Technologies offer lot size is 1,600 shares.
What is Systango Technologies IPO GMP today?
Systango Technologies IPO GMP today is INR 20 per share.
What is Systango Technologies kostak rate today?
Systango Technologies kostak rate today is NA per application.
What is Systango Technologies Subject to Sauda rate today?
Systango Technologies Subject to Sauda rate today is INR 24,000 per application.
